# Saudi Arabia raised oil output by around 500,000 bpd in June: sources | Reuters

> Saudi Arabia told OPEC it pumped 10.488 million bpd in June, up 458,000 bpd from May. Saudi total supply was higher still, suggesting it drew on storage.

- Date: 2018-07-05 · published 2018-07-05T12:00:00.000Z
- Category: report · region Saudi Arabia · magnitude medium
- Page: https://feedsoft.ai/events/63955-saudi-arabia-raised-oil-output-by-around-500-000-bpd-in-june-sources-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Saudi output growth backed by stock draws means the supply boost is real but partly temporary, which limits how far crude prices can fall.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2017-09-29 | [OPEC oil output rises by 50,000 bpd in September - Reuters survey](https://feedsoft.ai/events/68863-opec-oil-output-rises-by-50-000-bpd-in-september-reuters-survey.md) | -1.8% | +1.6% |
| BRENT | 2024-02-29 | [OPEC oil output rises by 90,000 bpd in February, survey finds \| Reuters](https://feedsoft.ai/events/31565-opec-oil-output-rises-by-90-000-bpd-in-february-survey-finds-reuters.md) | +1.0% | +1.9% |
| BRENT | 2019-10-31 | [OPEC October oil output jumps on swift Saudi recovery: Reuters survey By Reuters](https://feedsoft.ai/events/56469-opec-october-oil-output-jumps-on-swift-saudi-recovery-reuters-survey-by-reuters.md) | +2.5% | +6.8% |
| BRENT | 2020-07-31 | [OPEC oil output rises by 970,000 bpd in July - survey \| Financial Post](https://feedsoft.ai/events/52008-opec-oil-output-rises-by-970-000-bpd-in-july-survey-financial-post.md) | +4.9% | +4.7% |
| BRENT | 2018-08-31 | [Saudi crude oil output in August rises to 10.424 million b/d: OPEC source](https://feedsoft.ai/events/63444-saudi-crude-oil-output-in-august-rises-to-10-424-million-b-d-opec-source.md) | -1.7% | +5.5% |
| WTI | 2017-09-29 | [OPEC oil output rises by 50,000 bpd in September - Reuters survey](https://feedsoft.ai/events/68863-opec-oil-output-rises-by-50-000-bpd-in-september-reuters-survey.md) | -1.6% | +1.7% |
| WTI | 2024-02-29 | [OPEC oil output rises by 90,000 bpd in February, survey finds \| Reuters](https://feedsoft.ai/events/31565-opec-oil-output-rises-by-90-000-bpd-in-february-survey-finds-reuters.md) | +0.8% | +3.5% |
| WTI | 2020-07-31 | [OPEC oil output rises by 970,000 bpd in July - survey \| Financial Post](https://feedsoft.ai/events/52008-opec-oil-output-rises-by-970-000-bpd-in-july-survey-financial-post.md) | +5.2% | +7.7% |

## Sources

- reuters.com: https://www.reuters.com/article/business/saudi-arabia-raised-oil-output-by-around-500000-bpd-in-june-sources-idUSKBN1JV2JZ/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.